One Liberty Properties (NYSE:OLP) Hits New 12-Month High – Here’s Why

One Liberty Properties, Inc. (NYSE:OLP)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $30.03 and last traded at $30.03, with a volume of 6741 shares. The stock had previously closed at $29.51.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLP. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. B. Riley lifted their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

One Liberty Properties Trading Up 2.2 %

The firm has a market cap of $644.91 million, a P/E ratio of 18.61, a P/E/G ratio of 3.46 and a beta of 1.36. The business’s 50-day moving average is $27.74 and its two-hundred day moving average is $25.89. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. As a group, analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.97%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is presently 111.11%.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of One Liberty Properties by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 440 shares during the period. Barclays PLC increased its stake in shares of One Liberty Properties by 310.8% in the third quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 18,616 shares during the period. Geode Capital Management LLC raised its holdings in shares of One Liberty Properties by 4.0% during the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock valued at $12,628,000 after buying an additional 17,651 shares during the last quarter. State Street Corp boosted its position in shares of One Liberty Properties by 3.3% during the third quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock worth $13,660,000 after buying an additional 15,770 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of One Liberty Properties during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.